China Is Back in Crypto Market, Says Hashkey CEO: Top Cryptos Could Explode
China is ready to succumb to the stablecoin fever and re-engage with the crypto market, according to Dr. Xiao Feng, CEO of HashKey Group.
The subject came up during an interview with industry expert, Liu Feng, where the two discussed Hong Kong’s Anti-Money Laundering policies, the global digital finance race, and the blockchain as an emerging financial infrastructure.
‘Mainland China is beginning to re-engage with the crypto world. This process would start with stablecoins. The pressures of global monetary competition are driving the shift,’ says Dr. Xiao.
In his view, stablecoins are the first pit stop, followed by Real World Assets and, ultimately, Bitcoin.
The broader market could turn bullish as a result, and…
